Finance and SRI News

California Shows Why Trump is Wrong

(3BL Media/Justmeans) — President Donald Trump is at war with clean energy, immigration, taxes, and regulations, because, he says, these things represent a threat to our economy. He yearns for the days when oil companies, not tech firms, were the largest in the world, and when white people comprised an uncontested majority of the US population.

But his claim that re-establishing that order in a world that has totally changed will somehow make America great again, is misinformed. As Matthew Winkler brilliantly showed in Bloomberg View, he need only look at California to see the error of his ways. While actively embracing the things that Trump wants to get rid of: regulations, renewables, and immigrants, California, whose economy, at $2.3 trillion  (according to the WEF) falls, just behind the UK, as the world’s sixth largest, “is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008.”

The state’s economic growth is expected to continue to outpace the rest of the nation, through 2020.

And yet, California is not on the US Chamber of Commerce’s top ten list of business-friendly states with low taxes and regulations (which was topped by TN, SD, and WY). The Chamber’s idea of what drives a state’s economy seems to be in sync with the president’s, yet at least in the case of California, both deviate from reality. But then the Chamber, as witnessed by this report from the Cato Institute posted on their website, characterizes regulation as the antithesis of freedom (as opposed to protection) and ranks the US 22nd in the list of countries that are most free (2011 data), largely because of it.

Impact Investing Creates New Opportunities for Social Enterprises

(3BL media/Justmeans) – Social enterprises present a unique model for global sustainability. They combine social responsibility with business strategy to scale solutions that are needed now more than ever. But to achieve scale, it is important for social entrepreneurs to find investors that share the same values.

CDL’s Green Bond Issue Fast-Tracks Singapore’s Sustainability Goals

(3BL Media/Justmeans) – Real estate companies around the world have a key role to play in mitigating climate change and meeting the 2030 UN Sustainable Development Goals (SDGs). Green bonds are a vital instrument of sustainable finance that can support the massive global investments in green infrastructure required to achieve the SDGs.

Scotiabank Creates a Better Future through CSR Commitments

(3BL Media/Justmeans) – Companies can contribute to a better future for the society, and at the same time, enjoy better business, when they focus on these five areas of commitment: Customers, Employees, Communities, the Environment, and Corporate Governance. To create sustainable growth, companies must leverage their capabilities for the benefit of all stakeholders and the communities where they operate.

Socially Responsible Investments Rising Globally: GSIA Report

(3BL Media/Justmeans) – The market share of sustainable investing has grown across almost all regions of the world since 2014. Globally, there are now $22.89 trillion of assets being professionally managed under responsible investment strategies, representing an increase of 25 percent over two years. Clearly, sustainable investing now constitutes a major force across global financial markets.

Atlanta's Mayor Calls on Businesses to Partner With Cities on Climate Action

(3BL Media/Justmeans) — Kasim Reed spoke at the Ethical Corporation’s Responsible Business Summit in New York. Reed, who has been Atlanta’s mayor since 2010, has been a true leader in the battle against climate change at the scale of a major city. He gave a stirring rebuke against the pessimism and gloom that has been setting in recently among those who have taken up that fight, given recent actions at the federal level. “Seventy-five percent of US population and GDP already resides in metropolitan areas.” Groups like the 7,000-member Global Covenant of Mayors on Climate Policy can take decisive and meaningful actions. “If you want to change the world,” said Reed, “start with a city, then bring things up to scale.” He went on to say that for the most part, national governments are not working very efficiently on this problem, almost anywhere. Reed, who is Chairman of the Transportation and Communications Committee of the US Conference of Mayors, told the audience, “One of the reasons I decided I wanted us to make real progress on this issue, besides having a child and a family, is that I thought that we could produce a model that shows that anybody who wants to take decisive action on this issue, can make real change.”

Toniic Releases Groundbreaking T100 Report on Impact Investing

Toniic, a nonprofit global impact investor network, has launched T100, a groundbreaking new report on the state of impact investing.

The report shows that 100% values alignment with capital is possible, investments can realize impact across all asset classes, and the range of impact investments is much wider than previously understood.

Global Banks and UN Create Standards for Impact Finance

(3BL Media/Justmeans) – The implementation of UN Sustainable Development Goals (SDGs) involves large amounts of finance. While there are adequate funds available globally, only a small part of the international investments are currently targeted towards meeting these goals. The challenge lies in putting the money in the right direction to achieve the sustainability agenda.

World Bank Launches World’s First SDG Bonds

(3BL Media/Justmeans) – The UN Sustainable development Goals (SDGs) have emerged as an integrative framework that gives a cohesive direction to sustainable actions of companies, investors, nonprofits, development organizations, and governments. Innovative fund-raising solutions are necessary to implement these global goals, particularly in the developing economies. 

RBSNY Will Dig into CSR Potential & Purpose

(3BL Media/Justmeans) — Coming up on March 27-28 in New York is the 5th annual Responsible Business Summit produced by Ethical Corporation. This event will feature over 250 attendees with some of the world’s biggest names in CSR and sustainability. This year’s Summit is aimed to help businesses uncover the potential for CSR to drive profit, and shape strategy with empirical justification. To quote Willy Foote, CEO of Root Capital, “The Responsible Business Summit NY, is a powerful opportunity to advance the shared value conversation and, ultimately, contribute to a more sustainable and prosperous future.”

This is an opportunity for businesses of all stripes to find alignment between their core vision and those of others in the growing responsible business community.
Attendees will have the opportunity to network with and hear from leaders of organizations including: Google, PepsiCo, The New York Time, General Motors, Oracle, Wall Street Journal, Intel, Steelcase, and dozens more. You can see the complete list here.

Keynote topics will include:

  • Being a responsible business – what’s not to get?!
  • Climate change policy
  • How Investors and Companies can work together to achieve sustainable long-term growth
  • The Responsible Sourcing Journey
  • How to reshape business to deliver on Sustainable Development Goals
  • Implementing the CEOs vision into practice
  • Aligning Business Strategy Around Social Purpose
  • Creating a business of purpose
  • Leverage global brand presence to resonate purpose in local markets
  • The future for conflict-free supply chains

Three extended interactive workshops will be featured, on Supply Chain Transparency and Traceability, Human Rights, and Storytelling in Reporting.

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